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šµ Bitcoin broke through new ATH, and FOMO on the market ā almost zero.
Probably the ideal scenario now ā to consolidate higher than 109k and continue growth against the background of lagging correlation with global liquidity M2.š¼
But, won't be surprised, if first they shave longs and only then we will go higher.
Therefore, for now, restrained optimism without euphoria.
Yesterday, retail investors completely bought up the market downturn and massively bought stocks on the Moodyās decline, exceeding Aprilās volumesāin just the first 3 hours after the stock market opened, retail bought $4.1 billion worth of stocks.
āWhy this happened: Retail investors ignore Moodyās reports and donāt succumb to panic from sensational headlines, as funds might do, whose policy is to trade only AAA-class stocks.
š¤ Regarding crypto: Due to the correlation with the fund, there was also a good buyback; institutions continue to enterāthe net inflow of spot BTC-ETFs yesterday amounted to $667.4 million.
Plus, today the US Senate voted to pass the stablecoin bill (GENIUS), removing a procedural obstacle to the final approval of the bill.
This is very important, as the bill was on the verge of collapse. And all the top figures in the crypto industry believe that the adoption of this bill will be a powerful driver for the crypto market.
The market situation remains positive, albeit āboring.ā Perhaps soon we will see BTC approach its all-time high (ATH), plus there is currently activity from whales who are actively long-ing Bitcoin.
Therefore, for now, weāre sitting on the fence, observing what will happen next-and only then will we make decisions. I would like to see an ATH breakthrough.š
Only the lazy, probably, didn't hate Ether, especially when it was at levels of $1400ā1500. But, as history showed, exactly at that moment was one of the best entry points (TVX) on the market.
Most crypto enthusiasts still continue to hate and don't believe in growth, but at the same time, large players, on the contrary, are accumulating it and implementing it in their products:
šAbraxas Capital bought Ethereum worth over $650 million. šCoinbase and Kraken are launching their own L2s on Ethereum. šThe stablecoin from BlackRock primarily works on Ethereum. šVisa is building a tokenization platform based on Ethereum. šSony and Samsung are collaborating on creating an L2 on Ethereum. šDeutsche Bank is developing an L2 solution on Ethereum. šAlibaba is creating an L2 and tokenization platform based on Ethereum. šThe RWA sector and DeFi are mostly also on Ethereum.
Sometimes it is worth watching less the news noise in Telegram publics and paying more attention to the actions of large players ā because it is they who set trends and launch real growth impulses.š§ $ETH
CoinMarketCap unveiled CMC Launch, a new launchpad for Pre-TGE projects, kicking off with Aster, a decentralized perpetuals DEX with $300M+ TVL, backed by YZi Labs.
š¤ Trump's signal worked again ā the S&P 500 index has risen by 20% since Trump urged people to buy the market on April 9, calling the current situation "the best time to buy."
Letās recall that in the past, his calls were surprisingly close to predicting the market bottom, for example:
October 2018: Trump: āGreat time to buyā ā The market bottomed out 2.5 months later.
March 2020: Trump: āGreat time to buyā ā The bottom came 1ā2 weeks later.